Sunday, April 18, 2021
 
Columnist
Martin Hennecke
 
NEW MEDIA
HKEx Stock Code : 00708 
 
Corporate Profile
Principally engaged in sales of magazines and books, services on publication of advertisements, online services and provision of magazine content.

Business Review - For the year ended June 30, 2012

During the Year, the global economy was in general still volatile due to instability caused by the slow recovery in the US and the lingering effects of the eurozone crisis. Although the impact on the local industry was considerably minimal due to the increased demands by mainland tourists with high-spending power in the territory, the subsequent slowdown in China's economic growth in the second half of the Year also led to more cautious spending by advertisers in the retail business.

Competition in the local magazine sector remained intense as a result of slight upheavals caused by marketing tactics from competitors, such as short term price reduction strategies, which did create stronger pressure on our team to explore more ways and means to excel and prove our competitiveness.

For retention and expansion, we have brought and will continue to bring high quality award-winning products to our readers, while at the same time offering cost-effective packages and enhanced services to help our retail partners achieve their objectives. Although our digital business is still young and at an investment stage, the Group is confident that it can fully utilize its potentials and competitive edge and capitalize on the digital and mobile platform in the long run.

Business Outlook - For the year ended June 30, 2012

Having kept abreast of the latest trends and with the experience and capability to understand the ever changing needs of mobile and tablet users, we have been developing exciting new methodologies to build and tap into digital communities to effectively reach the right target audiences. We are confident that in time, the opportunities in this area will translate into greater profits and become another strong foundation for business growth in the long run.

Competition is expected to continue. Leveraging the strong contents of the Group's products, and not being hampered by traditional constraints, we are always ready for more challenges, both in the print medium and in the digital platforms. We believe there are still unlimited possibilities out there waiting to be discovered.

Source: New Media (00708) Annual Results Announcement
Chairman N/A Issued Capital (shares) 864M
Par Value HKD 0.01 Market Capitalisation (HKD) 251M
 
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